Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 74050, located within the Tulsa, OK HUD Metro FMR Area, can serve as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area is set at $890 for fiscal year 2024, which is significantly higher than the market rent of $746. This $144 spread ensures that landlords participating in the Section 8 program will receive a stable, above-market rental income, providing a reliable cash flow.
ZIP 74050's status as a cash-flow anchor is further solidified by the lack of data on median home values and price-cut shares, indicating limited opportunities for capital appreciation through property value increases. Additionally, the days on market (DOM) data is also unavailable, suggesting that this area does not offer rapid turnover or quick sales, which are typical characteristics of an appreciation play.
While the ZIP has a 23.1% renter share, this alone does not make it a diversifier in the traditional sense. However, the high FMR compared to the market rent supports the idea that landlords can count on a steady stream of rental income from tenants enrolled in the Section 8 program. The median income of $53,750 suggests that there is a moderate economic base supporting the rental market, but it is not indicative of strong appreciation potential.
In conclusion, ZIP 74050 is best suited as a cash-flow anchor due to its favorable FMR-to-market-rent ratio. Landlords should focus on the guaranteed rental income and the stability this provides rather than expecting significant property value appreciation or rapid sales cycles.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.